18 W Ridge CtParachuteCO81635
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Parachute at 18 W Ridge Ct, Parachute, CO, 81635 priced at $370,000 converts $2,540/mo rent into $20/mo cash flow after a $1,811/mo obligation. Total monthly income equals $2,540/mo, and annual cash flow totals $236/yr on $122,655 invested. Return on cash invested prints 20.1% in year one, and rental yield reads 8.24% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 104.7% and total cumulative return in cash sums $128,417. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,540/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Townhouse
Built in 1992
3,049 sqft lot
$N/A/sqft
$1,092 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81635, Parachute, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,899 (100%) |
| Owner Occupied HU | 1,686 (58.2%) |
| Renter Occupied HU | 1,049 (36.2%) |
| Vacant Housing Units | 164 ( 5.7%) |
| Median Home Value | $328,049 |
| Average Home Value | $427,077 |
Housing Distribution
Address Breakdown
Residential
2,685
Single Family
1,826
Multi-Family
859
Businesses
150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Binnian • Property Professionals
Mls Name: AGSMLS
Mls ID: #187030
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.